Company Overview of Murphy Oil USA, Inc.
Murphy Oil USA, Inc. operates fuel retail stores and gas stations in the United States. It also offers gift cards and discount cards, and fleet cards. The company offers locating new locations and properties to develop. It owns and sells real estate properties, such as vacant lots and unoccupied structures in the United States. The company was incorporated in 1963 and is based in El Dorado, Arkansas. Murphy Oil USA, Inc. operates as a subsidiary of Murphy USA Inc.
422 North Washington Avenue
El Dorado, AR 71730
Founded in 1963
Key Executives for Murphy Oil USA, Inc.
Chief Executive Officer and President
Principal Financial Officer and Chief Accounting Officer
Head of Legal, Insurance, and Human Resources Functions
Senior Wholesale District Manager and Director
Senior Vice President of Worldwide Refining & Renewable Energy
Compensation as of Fiscal Year 2015.
Murphy Oil USA, Inc. Key Developments
Murphy Oil USA, Inc. Enters into a Third Amendment to the Credit Agreement
Sep 5 14
Murphy Oil USA, Inc. entered into a Third Amendment to the Credit Agreement originally entered into on August 30, 2013 with JP Morgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto (as previously amended, the Credit Agreement). The Third Amendment modified various provisions of the Credit Agreement to, among other things, (1) extend the maturity date of the Credit Agreement to five years from the effective date of the Third Amendment and (2) amend the terms of various covenants within the Credit Agreement.
Enterprise Products Partners L.P., Enterprise Te Products Pipeline Company LLC and Murphy Oil USA Inc. Enter in to Confidential Settlement
Jul 30 13
Enterprise Products Partners L.P. will continue some intrastate delivery of Murphy Oil USA Inc.'s diesel fuel on one of Enterprise's pipelines, which was supposed to end supplies to several Arkansas locations on July 1, 2013. The diesel will be transported as a result of a confidential settlement between Murphy Oil and Enterprise that occurred after Murphy Oil filed a lawsuit asking a federal court to prohibit Enterprise Products Partners from ending the shipment of diesel and jet fuel via pipeline. As a result of the agreement, the lawsuit has been dismissed. In June, Murphy Oil filed a civil suit against Enterprise Products Partners of Houston and its affiliate, Enterprise TE Products Pipeline Co., saying the companies were in breach of a 2006 agreement that said Enterprise would provide interstate pipeline service for Murphy Oil's gasoline and diesel products. Enterprise said in May it would end diesel and jet fuel pipeline delivery to El Dorado, North Little Rock and Jonesboro beginning July 1. A 14-day restraining order issued June 20 delayed Enterprise's plan. Enterprise plans to reverse the flow of its pipeline and ship ethane from the Marcellus-Utica shale in the Northeast to the Gulf Coast. The company said demand has declined in the Arkansas markets it was serving because more crude oil is being refined in the U.S. and because natural-gas production has increased in the Northeast. Enterprise was transporting diesel and jet fuel along a 14-inch pipeline from Beaumont, Texas, to El Dorado. In El Dorado, the pipeline increases to 16 inches for shipments going to Jonesboro and North Little Rock. The 16-inch line continues to Ohio. Murphy Oil said it was against the pipeline change because the move would violate the 2006 agreement between the companies and that Murphy Oil was dependent on Enterprise to provide service of refined products from the Gulf Coast to the Midwest on the 20-inch line.
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